Seeking Alpha

Northrop Grumman wins stealth bomber contract worth up to $9.9B

  • Northrop Grumman (NOC +0.3%) won a five-year contract valued at up to $9.9B from the U.S. Air Force to modernize and support the B-2 stealth bomber, the Pentagon announced late yesterday.
  • The contract calls for B-2 enhancements, software maintenance, and other support services, including scheduled maintenance of the bombers.
  • The Defense Department has expressed a need for 80-100 new bombers, and NOC faces competition from the team of Boeing (BA) and Lockheed Martin (LMT), which last October announced a partnership to compete for the LRS-B program that will replace the B-2.
Comments (15)
  • psternfeld
    , contributor
    Comments (25) | Send Message
     
    Honest question: why do we need 100 stealth bombers? Are we actually using these things?
    4 Jun 2014, 02:49 PM Reply Like
  • bigorion
    , contributor
    Comments (2) | Send Message
     
    Echoing psternfeld: Why do we need 80-100 NEW bombers? Will we be bombing the moon?
    4 Jun 2014, 04:08 PM Reply Like
  • billychh
    , contributor
    Comments (13) | Send Message
     
    We most certainly do not need 80-100 new bombers. The catalyst for the government making such purchases has nothing to do with the defensive 'needs' of this nation but everything to do with the profits of military contractors, in this case Northrop Grumman. Let's face it, the US government is no longer a democracy but instead is now an oligarchy of which We the People have no voice and our destiny is now sealed.
    4 Jun 2014, 06:55 PM Reply Like
  • Dcubb
    , contributor
    Comments (2) | Send Message
     
    I believe we are closer to a welfare state than an oligarchy, billy.
    5 Jun 2014, 06:29 AM Reply Like
  • billychh
    , contributor
    Comments (13) | Send Message
     
    A welfare state and an oligarchy are not mutually exclusive. Further, if you think that congress is acting in the best interest of We the People you are simply not accepting reality and if you think that a few people with extraordinary wealth does not dictate policy then you simply refuse to see the facts as they have unfolded over the past thirteen years.
    9 Jun 2014, 10:38 AM Reply Like
  • Cdubb23
    , contributor
    Comment (1) | Send Message
     
    "In times of peace, prepare for war."
    4 Jun 2014, 10:38 PM Reply Like
  • Dcubb
    , contributor
    Comments (2) | Send Message
     
    I'm with you Cdubb23
    5 Jun 2014, 06:30 AM Reply Like
  • billychh
    , contributor
    Comments (13) | Send Message
     
    What peace?
    9 Jun 2014, 10:32 AM Reply Like
  • mdrossblk
    , contributor
    Comment (1) | Send Message
     
    Consider defense spending an investment in future security.....great job programs to add.
    5 Jun 2014, 07:41 AM Reply Like
  • billychh
    , contributor
    Comments (13) | Send Message
     
    With the US military spending greater than the next top nation's spending on defense and over 450% greater than the second biggest spender, China. We have been in over kill for decades and if it is not reduced to a sustainable and reasonable level it will continue to destroy our financial stability if it is not too late already. What good is a military that is decades ahead of others that can destroy the entire world ten times over while we live in a bankrupt nation with a vast majority of it's people living in poverty with nothing more than a growing low pay service sector for an economy? That is a price far too high especially when it is not needed to defend ourselves from an enemy nation.
    9 Jun 2014, 10:23 AM Reply Like
  • joegillam
    , contributor
    Comments (499) | Send Message
     
    Stealth or not stealth the manned bomber is a relic of WW II. This will be a pure waste of money designed to support some congressional districts at the expense of the United States. I don't think it will "fly". It will get chopped along the way. There are many things better than this on the drawing board, at skunk works and other black projects.
    5 Jun 2014, 08:18 AM Reply Like
  • unproven
    , contributor
    Comments (21) | Send Message
     
    People will have good paying jobs thanks to tax payers.
    5 Jun 2014, 05:01 PM Reply Like
  • billychh
    , contributor
    Comments (13) | Send Message
     
    Yes, the major defense contractors crow about the good paying jobs they create at the expense of the already over burdened taxpayer. If this was truly a valid method of creating an economy then why don't we just start making more and more of everything and employ the whole nation in government projects making good wages? Because it does not work!
    9 Jun 2014, 10:28 AM Reply Like
  • joegillam
    , contributor
    Comments (499) | Send Message
     
    Sure and things like this will take us from 17+ trillion over 20 in debt. We must get a grip on spending and the military is a great place to save money. We can be a hell of a military and still be small, highly technical and will trained with a strong cyber offense and defense. The days of huge tank battles and a sky full of bombers are long gone. Its special ops and cyber for the 21st. 100 bombers makes me sick, stupid at best.

     

    Joe In Georgia
    6 Jun 2014, 08:13 AM Reply Like
  • billychh
    , contributor
    Comments (13) | Send Message
     
    Your comment is true to the point in every aspect. Here again we have a government that does what it wants, for whom it wants, in this case the military contractors, and couldn't care less about the will of the people.
    9 Jun 2014, 10:31 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs